TDS on income from G-Sec may not significantly impact retail participation

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TDS on income from G-Sec may not significantly impact retail participation - Business Standard

Quick Summary:

A segment of the market believes that retail investors, who often schedule their cash inflows based on anticipated interest earnings, might encounter disturbances due to TDS deductions.

As of July 22, 68 per cent of the total subscriptions were channelled through T-bills, whereas only 13 per cent of subscriptions were through central government dated securities.

In the Union Budget for the previous financial year 2023-24, it was announced that a 10 per cent TDS on interest payments would be applied to listed bonds (debentures) starting April 1, 2023.